you are going to lose arrows alot. For the setup you have now...go with cheap aluminum arrows...they will kill deer just as fast as 10$ a piece carbons. Get a new string and have a bow place just tune up your bow. Your best bet would be to go to a Pro Shop and have the guy there help you out and teach you a little bit of the basics as far as shooting/sighting in. Get a cheap fiber optic sight and a sting loop...with a release. Thats the best thing to have i believe. Buy yourself a nice blind that you both can fit in. This is important as well. Like somebody said before...theres alot of technology that has really brought bowhunting to its height...and its to the point where it can make your decision or break it. Working with old equiment isnt so much fun. I got my bow (Jennings Starmaster) which is a really friggen nice bow for 180$ with sights and everything off ebay. But for the time being...go to your Pro Shop and just ask for help.